Central Banking
Unconventional measures must remain – Buba’s Weber
Axel Weber says main liquidity-boosting measures must continue and be wound down only gradually
Rand strength undesirable: SA finance minister
Pravin Gordhan, South Africa’s Minister of Finance says the government will aid the central bank building reserves
Macroprudential policy tough to apply – Watanagase
Bank of Thailand’s Tarisa Watanagase says macroprudential policy framework is challenging to put into practice
New law will allow Islamic banks – Uganda governor
Bank of Uganda’s Emmanuel Tumusiime-Mutebile says the financial institution act will be amended to allow Islamic banking
How narrow banks would fit in the financial system
Alessandro Roselli, a former official of the Bank of Italy, calls for a banking structure where narrow banks co-exist with commercial banks, properly redefined, and investment banks.
Norway raises rates
Higher than expected inflation means Norges Bank becomes first European central bank to begin “exit strategy”
Brussels clears Rock break-up
Decision follows British government nationalisation in January 2008
Strong Canadian dollar “threat to growth”
Mark Carney, governor of the Bank of Canada, says currency intervention is ineffective without supporting policies
Vietnam holds rates steady and commits to dong liquidity
Central bank's policy reflects anticipated year-end currency shortage
Global balance-sheet growth behind dollar scarcity
Bank for International Settlements looks at the causes of the dollar shortage in the global banking system during the crisis
Zambia’s Fundanga: region to upgrade regulation
Bank of Zambia’s Caleb Fundanga says Eastern and Southern Africa’s regulation must adapt to complex cross-border financial institutions and move to consolidated supervision
Bank of Albania – Annual Report 2008
Economic growth was in line with projections in 2008, notes Ardian Fullani in the central bank’s latest Annual Report
Euro-area credit standards show signs of easing
European Central Bank’s lending survey shows substantial decline in banks tightening their credit standards
Liikanen calls for post-crisis reality check
Erkki Liikanen, governor of the Bank of Finland, says optimism must be reined in
Recovery starts in India’s economy
RBI governor upbeat in mid-year monetary policy review
Britain on road to “lost decade”
Newest MPC member says fixing banks must be a priority for UK
Rwanda launches mobile money scheme
François Kanimba, governor of the National Bank of Rwanda, says the new mobile money system will be closely supervised
Government criticises Bank of Japan for excessive optimism
Finance minister comments reveal split in outlook with central bank
Turkey revises inflation forecast downwards
The Central Bank of Turkey’s quarterly Inflation Report shows significant reduction in inflation rate
Four steps to improve international cooperation: Fed’s Kohn
Fed vice-chairman Donald Kohn calls for a more coordinated global response to the crisis
Curaçao and Sint Maarten should dollarise – Tromp
Bank of the Netherlands Antilles’s Emsley Tromp says formal dollarisation would improve the islands’ macroeconomic stability
Productivity drives banks’ international efforts
Bundesbank’s research finds that only the largest and more productive banks engage in international activity and set up foreign affiliates
Banks will be held to their promises: Canada’s Carney
Mark Carney, governor of the Bank of Canada, warns financial institutions against complacency
Regulation helps microfinance institutions expand
World Bank’s research investigates the impact of regulation on microfinance institutions